recent news economics

Business News

McDonald's is working to introduce a $5 value meal

A traveler walks past a sign advertising a Delta Air Lines credit card at Seattle-Tacoma International Airport in 2015

Consumers might be paying more than credit card perks are worth, officials say

The Bank of England was on May 9, 2024 set to keep its main interest rate at a 16-year high with UK inflation cooling at a slower pace than forecast.

Bank of England holds rates, stresses June cut depends on coming data

Economy videos.

Nightly News

Homeowners grapple with the sky-rocketing cost of homeownership.

Biden Administration to raise tariffs on Chinese EVs

NBC News NOW

New report shows gen z relies on debt more than millennials do, more stories, abortion rights, abortion bans drive away up to half of young talent, cnbc/generation lab youth survey finds.

Renters' hopes of being able to buy a home have fallen to a record low, survey shows

A 'For Sale' sign in front of a single family home

On the sidelines of a pricier Kentucky Derby, the race is on for small-dollar spending

Carol Hampton stands among racks of Derby hats inside her store.

Congratulations on getting your degree. Now welcome to a tricky job market.

Closeup of a 2024 Graduation Tassel at a graduation ceremony

The U.S. labor market is shifting toward skilled labor as white-collar hiring slows

Fed chair Jerome Powell: No sign of stagflation in U.S. economy

Federal Reserve keeps interest rates at current levels as inflation holds its grip

99 Cents Only Store, Southern California

Private payrolls increased by 192,000 in April, more than expected for resilient labor market

An employee hands a bag to a customer at the drive-thru of a McDonald's restaurant in Los Angeles on April 1, 2024.

Trump tariffs, tax cuts and interest rates likely to fuel inflation, Wall Street and economists agree

A customer shops for groceries on March 12, 2024 in San Rafael, Calif.

Affluent Americans are driving U.S. economy and likely delaying need for Fed rate cuts

All the data so far is showing inflation isn't going away, and is making things tough on the Fed

Markets As Biden Devotes $2.1 Billion To Strengthen US Food Supply Chain

Election 2024
Entertainment
Newsletters
Photography
Personal Finance
AP Investigations
AP Buyline Personal Finance
AP Buyline Shopping
Press Releases
Israel-Hamas War
Russia-Ukraine War
Global elections
Asia Pacific
Latin America
Middle East
Election Results
Delegate Tracker
AP & Elections
Auto Racing
2024 Paris Olympic Games
Movie reviews
Book reviews
Personal finance
Financial Markets
Business Highlights
Financial wellness
Artificial Intelligence
Social Media

A general view of the Bank of England in London, Thursday May 9, 2024. The Bank of England has kept its main U.K. interest rate at a 16-year high of 5.25% with several policymakers still worrying about some key inflation measures. In a statement Thursday, the bank’s nine-member Monetary Policy Committee voted 7-2 to keep rates unchanged, with the 2 dissenters backing a quarter-point reduction. (Yui Mok/PA via AP)

British economy rebounds strongly in first quarter of the year, ending ‘technical recession’

FILE - The European Central Bank is reflected in the river Main in Frankfurt, Germany, March 21, 2024. Europe’s economy perked up slightly at the start of the year, recording 0.3% growth in the January-March quarter as the inflation burden on consumers eased and the stagnating German economy, the continent’s biggest, started to show modest signs of life. (AP Photo/Michael Probst, File)

Europe’s economy shows signs of life with 0.3% growth in 1st quarter as inflation, energy woes ease

A monitor shows U.S. dollar/Japanese yen exchange rate in Tokyo Monday, April 29, 2024. (Kyodo News via AP)

Japan’s currency falls to its weakest since 1990 against the dollar as the yen keeps yelping

Jamie Dimon, CEO and chairman of JPMorgan Chase, center, attends the ribbon-cutting ceremony during the community branch opening in the Bronx borough of New York, on Friday, April 26, 2024. Dimon says he’s hopeful the Federal Reserve can bring down inflation without causing a recession but wouldn’t rule out more troubling possibilities, such as stagflation. (AP Photo/Andres Kudacki)

JPMorgan’s Dimon hopes for soft landing for US economy but says stagflation is a possible scenario

A currency trader passes by the screen showing the Korea Composite Stock Price Index (KOSPI), left, at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, April 26, 2024. Asian shares mostly rose Friday despite worries about the economic outlook and inflation in the U.S. and the rest of the world. (AP Photo/Ahn Young-joon)

Stock market today: Asian benchmarks mostly climb despite worries about US economy

China’s economic growth target for 2024 set at around 5%, ap explains.

China’s economic growth target for this year is around 5%, in line with last year’s performance despite forecasts for a slowdown. Chinese Premier Li Qiang announced the plans Tuesday, Mar. 5, before the National People’s Congress. The ruling Communist Party has said it is prioritizing efforts to encourage consumer spending to help drive the economy. (AP video: Tian Macleod Ji) (Mar. 5)

China’s economic growth target for 2024 is about 5%, says Premier Li at opening of National People’s Congress

Imf sketches a brighter view of global economy, upgrading growth forecast and seeing lower inflation, argentines demand more support amid rising costs.

FILE - Articulated robots move inside the Hanwha Qcells Solar plant, Oct. 16, 2023, in Dalton, Ga. On Thursday, April 25, 2024, the U.S. government issues the first of three estimates of economic growth in the first quarter. (AP Photo/Mike Stewart, File)

US growth slowed sharply last quarter to 1.6% pace, reflecting an economy pressured by high rates

FILE - Kristalina Georgieva, Managing Director of the International Monetary Fund, IMF, speaks in Davos, Switzerland, Jan. 17, 2024. During a IMF and World Bank meeting Thursday, April 18, 2024, Georgieva said the world economy has proven surprisingly resilient in the face of higher interest rates and the shock of war in Ukraine and Gaza, but "there is plenty to worry about,'' including stubborn inflation and rising levels of government debt. (AP Photo/Markus Schreiber, File)

IMF’s Georgieva says there’s ‘plenty to worry about’ despite recovery for many economies

Letters spell out IMF during a news conference about the International Monetary Fund's (IMF) World Economic Outlook report, during the IMF Spring Meetings, Tuesday, April 16, 2024, in Washington. (AP Photo/Jacquelyn Martin)

IMF: Outlook for world economy is brighter, though still modest by historical standards

Workers wait for transport outside a construction site in Beijing, Tuesday, April 9, 2024. China's Finance Ministry has denounced a report by Fitch Ratings that kept its sovereign debt rated at A+ but downgraded its outlook to negative, saying in a statement that China's deficit is at a moderate and reasonable level and risks are under control. (AP Photo/Ng Han Guan)

China’s economy grew 5.3% in first quarter, beating expectations, though weak spots remain

Thailand's Prime Minister Srettha Thavisin, left, talks to Thailand Deputy Finance Minister Chulaphan Amornwiwat during a news conference at the government house in Bangkok, Thailand, Wednesday, April 10, 2024. Thailand's Prime Minister Srettha Thavisin on Wednesday revealed details of his government’s plan to stimulate the economy by giving digital cash handouts of 10,000 baht ($275) to an estimated qualifying 50 million Thais for spending at their local businesses. (AP Photo/Sakchai Lalit)

Thai prime minister unveils details of a $13.7 billion digital money handout plan

FILE - Jamie Dimon, chairman and CEO, JPMorgan Chase & Co., speaks during a Senate Banking, Housing, and Urban Affairs Committee oversight hearing to examine Wall Street firms on Capitol Hill, Dec. 6, 2023 in Washington. The nation’s most influential banker, JPMorgan Chase CEO Dimon, told investors Monday, April 8, 2024, that he continues to expect the U.S. economy to be resilient and grow this year. But he worries geopolitical events including the war in Ukraine and the Israel-Hamas war, as well as U.S. political polarization, might be creating an environment that “may very well be creating risks that could eclipse anything since World War II.”(AP Photo/Alex Brandon, File)

JPMorgan’s Dimon warns inflation, political polarization and wars are creating risks not seen since WWII

FILE - Federal Reserve chair Jerome Powell speaks during a news conference at the Federal Reserve in Washington, March 20, 2024. With the economy still humming, consumers spending freely and employers hiring briskly, some economists are beginning to wonder whether the Fed might decide it doesn’t need to cut rates until late this year. (AP Photo/Susan Walsh, File)

Will the Federal Reserve cut interest rates? With a robust US economy, it might not need to

FILE - Waitress Rachel Gurcik serves customers at the Gateway Diner in Westville, Pa. on Oct. 22, 2023. On Friday, April 5, 2024, the U.S. government issues its March jobs report. (Tom Gralish/The Philadelphia Inquirer via AP, File)

Another month of robust US job growth points to continued economic strength

FILE - A carton of eggs sits on a kitchen counter on March 17, 2023, in East Derry, N.H. Egg prices are 43% higher than they were three years ago. (AP Photo/Charles Krupa, File)

Who wouldn’t like prices to start falling? Careful what you wish for, economists say

The WestRock Paperboard Mill is in Solvay, N.Y., is shown on Jan. 16, 2024. On Thursday, March 28, 2024, the U.S. government issues the third and final estimate of economic growth in the October-December quarter. (AP Photo/Ted Shaffrey)

US economic growth for last quarter is revised up slightly to a healthy 3.4% annual rate

Commuters walk in the early morning summer sun in Auckland, New Zealand, Wednesday, Feb. 14, 2024. New Zealand has entered its second recession in 18 months after the latest round of GDP figures confirmed its economy contracted in the last quarter of 2023. The country's economy shrank by 0.1% in the quarter to December, and 0.7% in per capita terms, the New Zealand's official statistics agency, Stats NZ, announced on Thursday, March 21. (Michael Craig/New Zealand Herald via AP)

New Zealand slips into its second recession in 18 months as economy contracts

FILE - Employees arrange a display at a Kohl's store in Clifton, N.J., Jan. 26, 2024. On Thursday, March 14, 2024, the Commerce Department releases U.S. retail sales data for February. (AP Photo/Seth Wenig, File)

February retail sales up 0.6%, yet fissures emerge in what has been a driving force for US economy

$Plainclothes policemen have a chat as they stand watch outside the barricaded Sichuan Trust office building in Chengdu in southwestern China's Sichuan Province on Feb. 27, 2024. Some investors in a troubled trust fund in China are facing financial ruin under a government plan to return a fraction of their money, casualties of a slump in the property industry and a broader economic slowdown. (AP Photo/Andy Wong)$

Elderly retirees face big losses after Chinese trust goes bust, reflecting turbulent economy

Pedestrians walk past a mannequin in a window of a fashion store in Tverskaya street in Moscow, Russia, Wednesday, March 6, 2024. The economy's resilience in the face of bruising Western sanctions is a major factor behind President Vladimir Putin's grip on power in Russia. (AP Photo/Alexander Zemlianichenko)

Putin can point to a resilient Russian economy as he orchestrates his reelection

Chinese Premier Li Qiang deliver his opening speech during the opening session of the National People's Congress (NPC) at the Great Hall of the People in Beijing, China, Tuesday, March 5, 2024. (AP Photo/Andy Wong)

China’s plans for 2024 prioritize technology, offer scant comfort for businesses and investors

Chinese Premier Li Qiang, center, speaks during the opening session of the National People's Congress (NPC) at the Great Hall of the People in Beijing, China, Tuesday, March 5, 2024. (AP Photo/Ng Han Guan)

China sets an economic growth target of around 5% but acknowledges it will not be easy to achieve

Brazil's President Luiz Inacio Lula da Silva attends the CELAC Summit in Buccament, Saint Vicent and the Grenadines, Friday, March 1, 2024. CELAC is the Community of Latin American and Caribbean States. (AP Photo/Lucanus Ollivierre)

Brazil’s economy grows 2.9% in Lula’s 1st year, beating expectations

Workers drive among shipping containers and trailers at a BNSF intermodal terminal, Jan. 3, 2024, in Edgerton, Kan. On Wednesday, Feb. 28, 2024, the government issues the second of three estimates of GDP growth in the United States during the October-December quarter. (AP Photo/Charlie Riedel)

US economy grew solid 3.2% in fourth quarter, a slight downgrade from government’s initial estimate

Travelers move through the B terminal at Hartsfield-Jackson Atlanta International Airport, Saturday, Jan. 27, 2024, in Atlanta. On Tuesday, Feb. 27, 2024, the Conference Board reports on U.S. consumer confidence for February. (AP Photo/Mike Stewart)

Consumer confidence slips in February as anxiety over potential recession surprisingly reappears

FILE - A "Help Wanted" sign is displayed in Deerfield, Ill., Wednesday, Sept. 21, 2022. The year looks to be a much better one for the U.S. economy than business economists were forecasting just a few months earlier, according to a survey released Monday, Feb. 26, 2024. (AP Photo/Nam Y. Huh)

What recession? Professional forecasters raise expectations for US economy in 2024

FILE - The buildings of the banking district are pictured in Frankfurt, Germany, on Feb. 19, 2024. Germany businesses remain mired in pessimism despite a small uptick in the latest survey, as Europe's largest economy struggles with shortages of skilled labor, slower global trade, and political squabbling. (AP Photo/Michael Probst)

Gloom settles over Germany’s economy, with businesses downbeat about the coming months

FILE - Cars for export park at a port in Yokohama, near Tokyo, on July 6, 2020.Japan’s exports grew nearly 12% in January as shipments jumped in vehicles, auto parts and machinery, according to government data Wednesday, Feb. 21, 2024. (AP Photo/Koji Sasahara, File)

Japan’s exports surged nearly 12% in January in 2nd straight month of gains

FILE - A golfer drives range balls on a warm day in Des Plaines, Ill., Feb. 1, 2024. On Friday, Feb. 16, 2024, the University of Michigan releases its preliminary reading of consumer sentiment for the month. (AP Photo/Nam Y. Huh, File)

Consumer sentiment edges higher as economic growth accelerates and inflation fades

FILE - Shoppers and sightseers walk on Fifth Avenue on Dec. 11, 2023, in New York. In the United States, the economy motored ahead in last year's fourth quarter for a sixth straight quarter of growth since the pandemic's early days. (AP Photo/Yuki Iwamura, File)

Recession has struck some of the world’s top economies. The US keeps defying expectations

Shadow chancellor of the exchequer Rachel Reeves speaks during a press conference on the state of the UK economy, at Church House, Westminster, central London, Thursday Feb. 15, 2024. (Stefan Rousseau/PA via AP)

UK fell into recession at the end of 2023 as economy takes center stage in runup to general election

FILE - A sushi chef prepares a plate at the Toyosu Market Monday, Jan. 29, 2024, in Tokyo. Japan has slipped to the world’s fourth-largest economy as government data released Thursday, Feb. 14, 2024, showed it fell behind the size of Germany's in 2023. (AP Photo/Eugene Hoshiko, File)

Japan slips into a recession and loses its spot as the world’s third-largest economy

FILE - A well pump works at sunset on a farm near Sweetwater, Texas, on Dec. 22, 2014. Diamondback Energy will buy rival Endeavor Energy Resources in a cash-and-stock deal valued at about $26 billion to create a drilling giant in the Southwest United States. (AP Photo/LM Otero, File)

Potential $50 billion Southwestern energy giant emerges as Diamondback seeks to buy rival Endeavor

FILE - Bezalel Smotrich, Israeli Minister of Finance, addresses the parliament in Jerusalem, March 27, 2023. Israel's finance minister has slammed a decision by the financial ratings agency Moody’s to downgrade Israel’s credit rating. Bezalel Smotrich says the decision “did not include serious economic claims.” In its announcement Friday, Feb. 9, 2024, Moody's warned that the ongoing war in Gaza and a possible war in the north with Hezbollah could adversely affect Israel’s economy. (AP Photo/Maya Alerruzzo, file)

Israel’s finance minister blasts Moody’s downgrade of the the country’s credit rating

Arick Davis, owner of Last Mile Cafe, poses for a portrait outside of DeVos Place convention center during the annual State of Grand Rapids Business event on Jan. 31, 2024, in Grands Rapids, Mich. Davis says, “I will not vote for someone who could cause so much instability," but is well aware that consumers are feeling pressure on how much they can spend and the challenge that Black-owned businesses like his have with accessing lines of credit to expand. To the extent that the economy is doing well, there is little confidence that it is necessarily sustainable. He'll vote for Biden, he says, but unenthusiastically. (AP Photo/Kristen Norman)

It’s a mismatch on the economy. Even as inflation wanes, voters still worry about getting by

FILE - President Joe Biden speaks to members of the media before boarding Marine One on the South Lawn of the White House in Washington, Jan. 30, 2024. U.S. adults are only feeling slightly better about the economy, despite stocks being near record highs and surprisingly strong growth last year. A new poll from The Associated Press-NORC Center for Public Affairs Research finds that 35% of U.S. adults call the national economy good. (AP Photo/Andrew Harnik, File)

AP-NORC poll finds an uptick in positive ratings of the US economy, but it’s not boosting Biden

, , , , , , .

Take the Quiz: Find the Best State for You »

What's the best state for you ».

Economy to Get a Price Check

Readings on consumer and wholesale inflation for April will grab the attention of economists and the markets.

Tim Smart May 13, 2024

Inflation, High Rates Spook Consumers

The 10-point decline in the University of Michigan’s index was deemed ‘statistically significant.’

Tim Smart May 10, 2024

The Best of the Best States Rankings

States small and large take the top spots in the Best States rankings categories. Here are snapshots of where they excel.

Steven Ross Johnson May 8, 2024

Best States for Housing Affordability

States in the South and Midwest perform best on this measure of affordable housing.

Steven Ross Johnson May 7, 2024

States With the Highest Poverty Rates

The Midwest is the only region lacking a state on this list.

The 10 Best States for Business

These states have characteristics that classify them as corporate-friendly.

Tim Smart May 7, 2024

The Week in Cartoons May 6-10

The Fed Leaves Economists Guessing

A week that is light on economic data will feature a host of speeches from Federal Reserve officials.

Tim Smart May 6, 2024

Job Growth Slows as Unemployment Rises

Economists and the Federal Reserve have been looking for the labor market to downshift in 2024.

Tim Smart May 3, 2024

Fed: High Inflation Stalls Rate Cut

The Fed chairman said progress in bringing down inflation is ‘not assured and the path forward is uncertain’ – meaning interest rates will likely remain high for a while.

Tim Smart May 1, 2024

America 2024

Skip to main content
Keyboard shortcuts for audio player

Fresh off a holiday, new data on China's economy gives cause for hope

Scott Simon

John Ruwitch

The Chinese government just released new economic data following the big May holiday week. Our correspondent reports from Shanghai about how the world's second largest economy is faring.

NPR transcripts are created on a rush deadline by an NPR contractor. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.

We've detected unusual activity from your computer network

To continue, please click the box below to let us know you're not a robot.

Why did this happen?

Please make sure your browser supports JavaScript and cookies and that you are not blocking them from loading. For more information you can review our Terms of Service and Cookie Policy .

For inquiries related to this message please contact our support team and provide the reference ID below.

Trump again attacks New York prosecutor, floats economic plans at New Jersey rally

Medium Text

Campaign rally for former U.S. President and Republican presidential candidate Trump, in Wildwood

Reporting by Gram Slattery in Wildwood, New Jersey; Additional reporting by Nathan Layne in Wilton, Connecticut, and John Kruzel in Washington; Editing by William Mallard

Our Standards: The Thomson Reuters Trust Principles. New Tab , opens new tab

Thomson Reuters

Washington-based correspondent covering campaigns and Congress. Previously posted in Rio de Janeiro, Sao Paulo and Santiago, Chile, and has reported extensively throughout Latin America. Co-winner of the 2021 Reuters Journalist of the Year Award in the business coverage category for a series on corruption and fraud in the oil industry. He was born in Massachusetts and graduated from Harvard College.

Michael Cohen departs home to testify in Republican presidential candidate and former U.S. President Donald Trump's criminal trial in New York

World Chevron

Ben & Jerry's ice cream on display in a store in Manhattan, New York City, U.S.

Ben & Jerry's board says pro-Palestinian campus protests are 'essential' to democracy

The board of Ben & Jerry's ice cream, a brand owned by Unilever , said that the pro-Palestinian protests sweeping U.S. college campuses and graduation ceremonies are "essential" to democracy.

The 77th Cannes Film Festival - Red carpet installation

Work & Careers
Life & Arts

Become an FT subscriber

Try unlimited access Only $1 for 4 weeks

Then $75 per month. Complete digital access to quality FT journalism on any device. Cancel anytime during your trial.

Global news & analysis
Expert opinion
Special features
FirstFT newsletter
Videos & Podcasts
Android & iOS app
FT Edit app
10 gift articles per month

Explore more offers.

Standard digital.

FT Digital Edition

Premium Digital

Print + premium digital, weekend print + standard digital, weekend print + premium digital.

Essential digital access to quality FT journalism on any device. Pay a year upfront and save 20%.

Global news & analysis
Exclusive FT analysis
FT App on Android & iOS
FirstFT: the day's biggest stories
20+ curated newsletters
Follow topics & set alerts with myFT
FT Videos & Podcasts
20 monthly gift articles to share
Lex: FT's flagship investment column
15+ Premium newsletters by leading experts
FT Digital Edition: our digitised print edition
Weekday Print Edition
Videos & Podcasts
Premium newsletters
10 additional gift articles per month
FT Weekend Print delivery
Everything in Standard Digital
Everything in Premium Digital

Complete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%.

10 monthly gift articles to share
Everything in Print

Terms & Conditions apply

Explore our full range of subscriptions.

Why the ft.

See why over a million readers pay to read the Financial Times.

International Edition

Share full article

Supported by

Violent Unrest Over Economic Strife Erupts in Pakistan’s Kashmir Region

“I have never seen such a large-scale uprising” in the restive region, a teacher at a local university said.

Police officers, some holding batons, walk down a street. Smoke covers part of the street in the background, where protesters are.

By Salman Masood

Reporting from Islamabad, Pakistan

Vast protests have broken out in the Pakistan-controlled part of Kashmir, driven by outrage over soaring electricity bills and flour prices in a region that has long suffered economically because of its status as a conflict zone.

In an attempt to quell the growing unrest — which has led to a widespread strike and left one police officer dead and 90 injured — Prime Minister Shehbaz Sharif called an emergency meeting for Monday in Islamabad, the Pakistani capital.

As protesters planned to march this week to Muzaffarabad, the regional capital, the authorities suspended internet service in many areas and shut down schools in the city.

“I have never seen such a large-scale uprising in Pakistan-administered Kashmir,” said Mubashar Naqvi, a Muzaffarabad resident and a teacher at the University of Azad Jammu and Kashmir. “This protest is unique because it unites people from all walks of life in demanding basic necessities.”

The picturesque but highly militarized Himalayan region of Kashmir, claimed by both Pakistan and India since their independence from Britain in 1947, has been the site of three wars between the estranged neighbors.

The current unrest poses a challenge for the Pakistani military, which maintains a heavy presence in the region, and the civilian leadership in Islamabad. Pakistan regards Kashmir as a disputed territory whose status should be resolved through a U.N.-mandated referendum to allow Kashmiris to choose between being part of Pakistan or India.

But the Pakistani government has faced criticism for suppressing local movements seeking complete independence. Although there have been no calls for independence in the current wave of unrest, residents said the protests reflected a general feeling of dissatisfaction.

“There’s a strong sense of anger and frustration among the Kashmiri youth, driven by political disappointment, high inflation and severe unemployment,” Mr. Naqvi said.

The unrest began on Friday when an activist group made up largely of traders initiated a strike in Muzaffarabad that soon led to violent clashes with law enforcement officers. The detention of Kashmiri activists in overnight raids had fueled the call for a strike.

The Kashmiri authorities have urged protesters not to resort to violence. Faisal Mumtaz Rathore, a local government minister, said that a plan to send in paramilitary troops was withdrawn as talks with the protesters continued.

But the real solution, he said, lay with national Pakistani officials. “The big demand of the people, the demand for cheap electricity and the end of power outages, falls under the jurisdiction of the government of Pakistan,” Mr. Rathore said.

The region depends heavily on government jobs and receives little private investment because of its status.

As the protests entered their third day, the streets of Muzaffarabad were quiet on Sunday. Security forces, identified by their black bandannas, were a stark presence at checkpoints. Residents watched from behind closed windows, their daily routines disrupted and their supplies dwindling.

To ease the hardship, protest organizers said essential shops could open for three hours each evening. Ayesha Bibi, 34, a Muzaffarabad resident, expressed her distress over her young child’s needs.

“She hasn’t had milk for two days,” Ms. Bibi said. “We can bear hunger, but denying us basic services like affordable electricity and wheat flour is unbearable.”

Siddique Haidari, 68, another resident, lamented the widespread damage caused by the clashes. “Every home here shows the damage,” he said.

Jalaluddin Mughal contributed reporting.

Trump leads Biden in 5 key swing states as voters worry about economy, Israel-Hamas war: new poll

WASHINGTON — Former President Donald Trump is leading President Joe Biden in five key swing states that could decide the 2024 presidential election, according to a new poll.

The survey , released Monday by The New York Times, Siena College and The Philadelphia Inquirer, found Biden trailing Trump among registered voters in a head-to-head matchup by seven points in Arizona, 10 points in Georgia, seven points in Michigan, 12 points in Nevada and three points in Pennsylvania.

Biden is leading Trump by two points in Wisconsin, however.

Among voters who say they're likely to cast a ballot in the fall, the results are similar. Trump is leading Biden in five of the six key swing states, except Michigan, where Biden leads him by one point.

The economy remains one of the top issues for voters in these pivotal states heading into the 2024 contest. Over 50% of survey respondents in Arizona, Georgia, Michigan, Nevada and Pennsylvania rate current economic conditions as poor.

Prep for the polls: See who is running for president and compare where they stand on key issues in our Voter Guide

And as pro-Palestinian protests spread across college campuses from coast to coast, young voters in particular have been critical of Biden's handling of the Israel-Hamas war and the massive humanitarian toll in Gaza. The polls found that only 28% of respondents ages 18 to 29 trust Biden to handle the broader Israel-Palestinian conflict, while 52% trust Trump.

Twenty percent of respondents in that age group said they don’t know or refused to answer.

The surveys, conducted among more than 4,000 registered voters between April 28 and May 9 , have a margin of sampling error of plus or minus 1.8 percentage points. Each state poll has a margin of error ranging from plus or minus 3.6 percentage points to plus or minus 4.6 percentage points.

Other polls have also found Trump leading Biden in key swing states. For example, an Emerson College/The Hill poll, conducted between April 25 and April 29, found Trump leading Biden in Arizona, Georgia, Michigan, Nevada, North Carolina, Pennsylvania and Wisconsin.

IMAGES

Economic Times Daily News Review / Analysis 3 Jan 2020
Nobel Prize in economics 2019 goes to Abhijit Banerjee, Esther Duflo
Mike Moffatt
Read Some Good Economic News Heading Into The New Year now from Blog
The 9 Best Economics Books of 2022 (2022)
How the pandemic changed the global economy

VIDEO

The long awaited economic slowdown is finally coming to fruition, says Hennion & Walsh's Kevin Mahn
Markets see any policy delay from China as policy inaction, economist says
China's economic slowdown: Beijing is 'not as alarmed' as many people are, economist says
State of U.S. wage inflation 'absolutely critical' to economic outlook, economist says
China's economy could end up in 'Japanese style' stagnation, economist says
The Fed Accelerates The Collapse Of The Economy-We Are Very Close to This System Come Down

COMMENTS

Economy
The latest news on the economy, job market, real estate industry and workplace. Includes coverage of the Federal Reserve and government spending at the state and national level.
Economy
The latest news on the economy, jobs market, U.S. trade and housing, including the latest news and analysis on the Federal Reserve and Central Banking.
Economy: U.S. & World Economic News & Videos
Find the latest U.S. & global economic news and videos on NBCNews.com. Read headlines about jobs, corporations, taxes and more.
The Economy: U.S and World Economic News : NPR
NPR Economy covers the latest news and trends on the U.S. and world economy, from inflation and jobs to GDP and interest rates. Listen to podcasts and RSS feeds.
Economic News
Thu, May 2nd 2024. Economy. UK to suffer slowest growth of all rich nations next year, OECD says. Thu, May 2nd 2024. Economy. BlackRock is opening a Saudi investment firm with initial $5 billion ...
Economics
Explore the latest news and analysis on economics from The New York Times, featuring commentary and archival articles on topics such as trade, inequality, growth and policy.
Live updates: Markets prepare for slew of economic data, from GDP ...
Markets rose after an onslaught of economic data Thursday, including a substantial revision to US gross domestic product, the latest mortgage rates and weekly jobless claims.; Stocks closed higher ...
Economy
Read the latest economic current events, with updates on the state of the global economy including trade, business, and more. Menu. Menu. ... accurate, unbiased news in all formats and the essential provider of the technology and services vital to the news business. More than half the world's population sees AP journalism every day. twitter
Economy News and Stock Market Updates for Oct. 27, 2022
London-based Shell reported adjusted earnings of $9.45 billion for the third quarter, its second-highest profit on record. On the same day, Paris-based TotalEnergies reported a profit of $9.9 ...
Global Economy
News and top stories on the state of the global economy. The latest economic data, reports and updates from countries around the world, on jobs, trade, interest rates and more.
Economy
Read about thriving and emerging markets, the global economy, and the latest financial data and forecasts.
Macroeconomics
Unprecedented change means we must devise different approaches to complement traditional statistical methods. You are on page 1. Get the latest news, analysis and opinion on Macroeconomics.
The latest GDP data shows an economy that continues to soar : NPR
The U.S. economy grew substantially faster in the final months of 2023 than forecasters had expected. For all of last year, the economy grew 3.1% — defying forecasts of a likely recession.
The five global economic shifts happening now
In 2023, however, they have a point. There are five important shifts happening in the global economy right now. The first and most immediate is a necessary policy adjustment from reducing ...
World Economy
The latest news on the economy, jobs market, U.S. trade and housing, including the latest news and analysis on the Federal Reserve and Central Banking.
Macro Matters
US consumer sentiment at six-month low; inflation expectations rise. U.S. consumer sentiment sagged to a six-month low in May as households worried about the higher cost of living and unemployment ...
Economics News Stories
Canada's population growth was 'too much, too soon,' despite some positives: economist. Most recent Economics News business news stories and video from BNN Bloomberg.
Economy
The U.S. market economy affects all aspects of life in the nation and its impact is felt around the globe. Activity that scholars say boils down to "goods and services" and "supply and ...
The Economist
Get in-depth global news and analysis. Our coverage spans world politics, business, tech, culture and more. Subscribe for free trial.
Economy
US News is a recognized leader in college, grad school, hospital, mutual fund, and car rankings. Track elected officials, research health conditions, and find news you can use in politics ...
Economics
UK forecast for slowest growth of richest nations next year. Business. 2 May. Bread and biscuit prices could rise due to wet weather. Business. 29 Apr. The Global Story. Bidenomics: How the ...
Americans are shopping less. But the US economic engine is still ...
The unofficial GDPNow forecast from the Atlanta Federal Reserve expects economic growth in the third quarter to rise 5.8% on an annualized basis — double the rate of GDP growth from the same ...
America is in the midst of an extraordinary startup boom
At the start of the pandemic, John Barnett, a serial app creator, moved to the city, which is where his wife grew up. In 2022, within days of being sacked by Twitter, he got together with tech ...
Fresh off a holiday, new data on China's economy gives cause for hope
The Chinese government just released new economic data following the big May holiday week. Our correspondent reports from Shanghai about how the world's second largest economy is faring.
Philippine Economic Growth Quickens to 5.7% in First Quarter
Gross domestic product in the three months through March grew 5.7% from a year earlier, the Philippine Statistics Authority said on Thursday. That's more than the 5.5% the prior quarter but ...
Trump again attacks New York prosecutor, floats economic plans at New
Republican presidential candidate Donald Trump attacked the Manhattan judge and prosecutor in his New York criminal trial, while hinting at a range of possible economic policies at a sizable rally ...
How our sense of economic reality is being distorted
The research tells us several things. First, there is far more news coverage of prices when they are high than low. If it exceeds, it leads, you might say. Second, the price at which this negative ...
Violent Unrest Over Economic Strife Erupts in ...
May 13, 2024, 4:39 a.m. ET. Vast protests have broken out in the Pakistan-controlled part of Kashmir, driven by outrage over soaring electricity bills and flour prices in a region that has long ...
Donald Trump leads Joe Biden in 5 pivotal swing states, new poll finds
The economy remains one of the top issues for voters in these pivotal states heading into the 2024 contest. Over 50% of survey respondents in Arizona, Georgia, Michigan, Nevada and Pennsylvania ...